Khalilov's case of illegally raising funds from equity holders has been referred to court.

The prosecutor's office has sent the case of developer Andzor Khalilov to the Nalchik City Court, accused of illegally raising funds from equity holders for the construction of apartment buildings.

As reported by the "Caucasian Knot," developer Andzor Khalilov from Kabardino-Balkaria is accused of four counts of illegally raising funds from equity holders. He is also accused of financing terrorism.

The Kabardino-Balkarian Prosecutor's Office approved the indictment against the 43-year-old businessman, who was on the international wanted list and charged under Part 2 of Article 200.3 of the Criminal Code of the Russian Federation 1 , the department reports on its website.

"According to the investigation, the accused, having entered into a preliminary criminal conspiracy with other individuals, the criminal case against whom was previously sent to court, illegally attracted funds from citizens in the total amount of over 111 million rubles for the construction of apartment buildings between July 2019 and August 2024. Moreover, no agreements for participation in shared construction were concluded with the citizens and escrow accounts were not used for mutual settlements," the publication states.

The criminal case has been sent to the Nalchik City Court for consideration on the merits, the prosecutor's office noted.

The case of the other three accused is already in court

According to the newspaper "Gazeta Yuga", the report refers to Andzor Khalilov, and "other persons, the criminal case against whom was previously sent to court" are Kantemir Kuchmazokov, Murat Khamokov, and Rafael Shokumov.

Equity holders: lawyers advise how Avoid being deceived

As of 9:30 a.m. Moscow time on May 2, Khalilov's case file has not been published on the Nalchik City Court website. However, the court's file contains information about the cases of Kantemir Kuchmazkov, Murat Khamokov, and Rafael Shokumov.

All three, like Khalilov, are charged under Part 2 of Article 200.3 of the Russian Criminal Code, which carries a sentence of up to five years in prison. The case was filed with the court on September 26, 2025, and a hearing was scheduled for October 31. However, the hearing has not taken place since then, as it was postponed nine times between November and April for various reasons, including the failure of witnesses and defense counsel to appear.

As a reminder, Khalilov's charge of financing terrorism is based on the testimony of witness Kardanov, whom the defendant himself claims is fictitious. Another defendant in the case of raising money for militants also denies the charges.

In court, the developer stated that he "did not hide or run away." The defense believes that the case under the article on financing terrorism should be dismissed.

It is worth noting that Andzor Khalilov is known as one of the largest developers in Kabardino-Balkaria. In the summer of 2024, his wife was among the parents of graduates of a Nalchik school who did not get up from their seats during the playing of the Russian anthem at their graduation. Then the security forces drew up administrative reports against nine people, at least eight of whom were fined three thousand rubles each.